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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: abbigail who wrote (37244)	1/30/2000 11:06:00 AM
From: energy_investor	Read Replies (2) \| Respond to of 74651

Hi Abbigail, interesting post. Just a couple of comments: Ed Yardeni -- wasn't he the guy who said the world was going to end because of Y2k? I'll sure make a point of trusting his predictions. As far as the post regarding technology prices coming down -- hardware prices yes, but the last time I looked the operating system was becoming more expensive. Now why is that? Maybe Explorer isn't free after all? Maybe MS has a monopoly? Cheers RS

To: abbigail who wrote (37244)	1/30/2000 5:09:00 PM
From: yard_man	Read Replies (2) \| Respond to of 74651

No you are wrong. The price of computing power has always been dropping, but the entry level machine stayed around $2000 for several years ... not so any more. Sales $$'s, not units, have been in decline for a couple of years now -- doesn't matter what the volumes are in the future. A smaller part fo the overall price is margin. Doesn't take a sherlock to figure this out ... same thing happened to calculators. Microsoft knows this -- they have milked the OS for all it was worth and are looking for other lines of biz. I'm glad the DOJ is looking at them. When it comes to taking advantage of their position to lock others out -- who can say they haven't done it -- the only question is whether or not the practice was anti-competitive to the extent of being illegal. I believe their financial inertia was enough for them to engage in unfair business practices in buying up small co.s and suppressing the availability of capital to folks with good ideas they didn't want to see developed. Now it is up to the court as it should be ... The period of highest growth ($$s) may be behind MSFT and the computer industry while the stocks are valued at a rather large fraction of GDP -- sure chips will find wider spread application and everyone will at some point have a "fat" pipe to their home if they want to pay for it ... so what? Does that mean MSFT is a steal at a trailing PE of 62? Re the inflation numbers: They are simply lies and don't need disinflationary effects of computers to explain them -- prices have gone up for virtually everything that one needs to live. Only idiots believe the numbers handed out by the gonvernment ... it is just a way to screw old people ... just like the budget "surplus" -- another lie -- the national debt is still getting larger every year.